Investors Are Suddenly Getting Very Concerned That AI Isn't Making Any Serious Money

Quick Summary:

An increasing number of Silicon Valley investors and Wall Street analysts are starting to ring the alarm bells over the billions of dollars being invested in AI, an overconfidence that could result in a massive bubble.

How much time does the tech industry have to stop bleeding cash as it pours money into the tech?

Earlier this week, Google released its second-quarter earnings, failing to impress investors with razor-thin profit margins and surging costs related to training AI models.

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Article Details

Author / Journalist: Victor Tangermann

Category: Technology

Markets: United States

Topics: OpenAI Ai chatbots Ai bubble Artificial Intelligence Microsoft

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-27 @ 11:30:05 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: futurism.com

Language: English

Article Length: 714 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Futurism

News ID: 21793363

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About Futurism

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Official Website: futurism.com

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News Last Updated: 17 hours ago

Coverage Areas: United States

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Publisher ID: #68

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